Gold and Silver Price: Gold and silver prices surge by ₹13,000; should you buy or not? Ajay Kedia explains.

News Topical, Digital Desk : After two days of steep declines, gold and silver made such a strong comeback ( Gold Silver Price Hike Today ) that even the market was surprised. On Wednesday, both metals saw strong gains of 4-6%, and prices jumped by thousands of rupees. The impact of the rally was clearly visible everywhere, from the global market to the domestic futures and spot markets.

First, looking at global cues, gold rose 3.44% and silver over 5.50% on the COMEX. A similar trend was seen on India's MCX, where gold rose nearly 3.5% and silver over 5.7%. This clearly indicates that the rally is not just local, but is entirely supported by global factors.

Gold condition on MCX

Gold for April 2026 delivery rose 3.76% to reach ₹1,44,130 (gold price today) per 10 grams. It saw a jump of ₹5,218 in a single day (gold price hike). During the trading session, its high was ₹1,44,570 and low was ₹1,43,079 (gold rate today). Compared to the previous close of ₹1,38,912, gold has jumped by approximately ₹5,658 in just 24 hours.

Silver also made a splash

Silver for May 2026 delivery surged 5.82% to reach ₹236,980 per kg (silver rate today). The day's high was ₹237,350 (silver price today) and the low was ₹232,898. Compared to the previous close of ₹223,941, silver saw a massive jump of ₹13,409 (silver price hike). This means silver's movement was even faster than gold.

IBJA also saw a boom

According to the India Bullion and Jewellers Association's 12 noon rates, 24-carat gold rose to ₹1,44,643 per 10 grams, up from ₹1,40,420 the previous day, a gain of ₹4,223. Silver also rose to ₹2,33,551 per kg, up from ₹2,24,545, a gain of ₹9,006.

What is the main reason for the rise?

According to Ajay Kedia, director of Kedia Advisory, two major reasons for this surge are the easing of Middle East tensions and the weakening of the dollar. When geopolitical tensions ease and the dollar weakens, investors tend to turn to gold and silver again. This explains the sudden, rapid recovery after the decline.

What should investors do next, buy or hold?

Ajay Kedia clearly states that one should avoid making hasty large purchases during this rally. Let the market stabilize and establish a strong base. If you need gold for a wedding or other necessities, you can buy it. However, it would be better to wait a little longer for investment.

What is the target price of gold and silver?

According to Ajay Kedia's Gold and Silver Prediction, gold prices could fall to between ₹1.12 lakh and ₹1.15 lakh in the coming months. Silver could also reach ₹1.75 lakh and ₹1.80 lakh levels. This means there's room for further declines after the current rally.

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